【$BERA Signal】Hold off on trading — extreme overbought after short squeeze, waiting for a healthy correction

$BERA After a single-day surge of 85%, the price has formed a narrow range at high levels, which is a typical cooling phase after a short squeeze.

🎯Direction: Hold off (NoPosition)

【Market Analysis】

RSI 14 reaches 84.95, in the extremely overbought zone. Funding rate is -1.2063%, indicating a negative rate, but open interest (OI) remains stable, showing that shorts are still paying high fees, and the short squeeze risk has not fully dissipated.

【Technical Logic】

The current price is more than 55% away from EMA20 (0.5870), with a large divergence, indicating a strong need for a technical correction. The depth imbalance is -17.87%, and the buy/sell ratio is 0.70, suggesting that sell orders are thicker and resistance above is heavy.

4H candlestick shows the last volume bar has sharply decreased, and buy order proportion has fallen to 0.46, indicating the main buying momentum is exhausted. Blindly chasing longs is extremely risky, but conditions for shorting are also not met (funding rate is negative, not positive).

【Trading Plan】

Currently, the market is driven by sentiment, lacking healthy technical support. Wait for the price to retest key support levels (such as the previous high at 0.75-0.78 or near EMA20), accompanied by decreasing volume and RSI correction to the 50-60 range before considering long positions on the right side.

Trade here 👇 $BERA

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